Party horn blowers and confetti

BMO Asset Management Inc. is reducing the annual management fee on the BMO Aggregate Bond Index ETF.

Effective on or about June 15, the annual management fee for the fund will be reduced to 0.08% from 0.09%.

Read: ETF sector on TSX hit $150B AUM high in April

“We are celebrating the eighth birthday of the largest fixed income ETF in Canada by reducing the management fee to eight basis points,” said Kevin Gopaul, head of BMO Global Asset Management Canada, in a release.

Also read:

BMO Investments, Invesco launch new ETFs

How stocks from mainland China are finding their way into funds and ETFs

Originally published on Advisor.ca
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